No doubt about it in my mind. Manipulated to the hilt. In the long run you can use that to your benefit. But just look at how BKE and ARO are down on a market up day and ANF up on a "not-as-bad-as-expected" report. GS made this reversion trade clear in their calls on these companies.
Much prefer ARO and BKE fundamentally to ANF. BKE being my favorite of the 3.
It's is mostly BKE pair-traded with BKE. Look at the one year chart. They sometimes move together a little, and sometimes there are exogenous event driven moves, but notice the times they move in exact opposite directions. There are about 3 distinct periods where that happens.
The net BKE shorts are the same folks as the net ANF longs. GS is part of this system as mouthpiece for the hedge funds. It is pretty obvious.
In the long run meaningless. But this is part of the huge short interest story. On a valuation level it is illogical, but valuation doesn't matter in the short run.
Still BKE is a great long term buy. Thanks manipulators for the cheap shares.